WMT
Walmart Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Walmart Inc..
Coverage
Walmart's Two Earnings Measures Landed a Penny Apart. That Took a $0.12 Investment Loss and a $0.11 Tax Benefit Cancelling Out.
Adjusted EPS of $0.81 beat a $0.74 consensus by 9.5% on revenue that beat by 0.7%. Walmart raised all three full-year lines. The gap between GAAP and adjusted came in at one cent — not because the adjustments were small, but because two twelve-cent items landed in the same quarter facing opposite directions.
Walmart Reports This Morning Against a $0.74 Adjusted Consensus. The Gap to the GAAP Line We Store Has Swung 41 Cents in Four Quarters.
Walmart releases second-quarter results at 6:00 a.m. Central. Guidance and consensus agree on adjusted EPS of $0.72–0.74; our stored series is GAAP. Over the last four reported quarters the two lines differed by +$0.20, +$0.15, −$0.21 and +$0.01 — a 41-cent range that changed sign twice, and is mostly equity-investment marks rather than groceries.
In February We Told You What Wall Street Expected From Walmart. Here Is What Happened — and Why Our Own Data Would Have Said It Missed by 27%.
Walmart's quarter ended 2026-01-31 printed $190.7B of revenue against a ~$189B consensus and adjusted EPS of $0.74 against $0.73 expected. Both were beats. Our stored earnings series says $0.53, because it is GAAP and the consensus was adjusted — a $0.21 gap that is entirely a net loss on equity investments, and which a year earlier was one cent.
Walmart Reports Tomorrow as the World's First $1 Trillion Retailer
Walmart reports Q4 FY2026 earnings on February 19 with a $1 trillion market cap and 75% of share gains coming from $100K+ households. Here's what to watch.
Walmart Rides SMAs
Broke out wedge with volume; no reason to be bearish—ski lift pattern.
Walmart Surges 2.94% to $127.71
Market cap tops $1T—first retailer; up 26% YTD, 468% decade vs S&P 264%; e-com to 500M items, AI supply chain.
Latest: $187.94B (2027Q2)
| Period | Value |
|---|---|
| 2021Q3 | $134.71B |
| 2021Q4 | $152.08B |
| 2022Q1 | $138.31B |
| 2022Q2 | $141.05B |
| 2022Q3 | $140.53B |
| 2022Q4 | $152.87B |
| 2023Q1 | $141.57B |
| 2023Q2 | $152.86B |
| 2023Q3 | $152.81B |
| 2023Q4 | $164.05B |
| 2024Q1 | $152.30B |
| 2024Q2 | $161.63B |
| 2024Q3 | $160.80B |
| 2024Q4 | $173.39B |
| 2025Q1 | $161.51B |
| 2025Q2 | $169.34B |
| 2025Q3 | $169.59B |
| 2025Q4 | $180.55B |
| 2026Q1 | $165.61B |
| 2026Q2 | $177.40B |
| 2026Q3 | $179.50B |
| 2026Q4 | $190.66B |
| 2027Q1 | $177.75B |
| 2027Q2 | $187.94B |
Latest: $0.80 (2027Q2)
| Period | Value |
|---|---|
| 2021Q3 | $0.60 |
| 2021Q4 | -$0.24 |
| 2022Q1 | $0.32 |
| 2022Q2 | $0.51 |
| 2022Q3 | $0.37 |
| 2022Q4 | $0.42 |
| 2023Q1 | $0.25 |
| 2023Q2 | $0.63 |
| 2023Q3 | -$0.22 |
| 2023Q4 | $0.77 |
| 2024Q1 | $0.21 |
| 2024Q2 | $0.97 |
| 2024Q3 | $0.06 |
| 2024Q4 | $0.67 |
| 2025Q1 | $0.63 |
| 2025Q2 | $0.56 |
| 2025Q3 | $0.57 |
| 2025Q4 | $0.65 |
| 2026Q1 | $0.56 |
| 2026Q2 | $0.88 |
| 2026Q3 | $0.77 |
| 2026Q4 | $0.53 |
| 2027Q1 | $0.67 |
| 2027Q2 | $0.80 |
Latest: 46.3 (2027Q1)
| Period | Value |
|---|---|
| 2021Q2 | 19.1 |
| 2021Q3 | 18.7 |
| 2021Q4 | 27.8 |
| 2022Q1 | 30.5 |
| 2022Q2 | 37.8 |
| 2022Q3 | 49.4 |
| 2022Q4 | 27.2 |
| 2023Q1 | 31.4 |
| 2023Q2 | 25.2 |
| 2023Q3 | 42.2 |
| 2023Q4 | 32.4 |
| 2024Q1 | 35.1 |
| 2024Q2 | 29.9 |
| 2024Q3 | 26.4 |
| 2024Q4 | 28.2 |
| 2025Q1 | 24.9 |
| 2025Q2 | 35.2 |
| 2025Q3 | 33.2 |
| 2025Q4 | 40.3 |
| 2026Q1 | 41.3 |
| 2026Q2 | 36.7 |
| 2026Q3 | 35.3 |
| 2026Q4 | 43.6 |
| 2027Q1 | 46.3 |
Latest: $7.45B (2027Q2)
| Period | Value |
|---|---|
| 2021Q3 | $1.07B |
| 2021Q4 | $9.48B |
| 2022Q1 | $716M |
| 2022Q2 | $6.86B |
| 2022Q3 | $413M |
| 2022Q4 | $3.48B |
| 2023Q1 | -$7.26B |
| 2023Q2 | $9.08B |
| 2023Q3 | $1.94B |
| 2023Q4 | $8.39B |
| 2024Q1 | $251M |
| 2024Q2 | $8.87B |
| 2024Q3 | -$4.62B |
| 2024Q4 | $10.87B |
| 2025Q1 | -$355M |
| 2025Q2 | $6.50B |
| 2025Q3 | $438M |
| 2025Q4 | $6.51B |
| 2026Q1 | $450M |
| 2026Q2 | $6.53B |
| 2026Q3 | $1.91B |
| 2026Q4 | $6.10B |
| 2027Q1 | -$1.95B |
| 2027Q2 | $7.45B |
Latest: $7,970,166,964.00 (2026Q3)
| Period | Value |
|---|---|
| 2019Q1 | $2,950,844,393.00 |
| 2019Q2 | $2,928,734,576.00 |
| 2019Q3 | $2,905,260,059.00 |
| 2020Q1 | $2,854,722,137.00 |
| 2020Q2 | $2,844,284,080.00 |
| 2020Q3 | $2,837,174,936.00 |
| 2021Q1 | $2,831,953,450.00 |
| 2021Q2 | $2,833,752,938.00 |
| 2021Q3 | $2,829,285,926.00 |
| 2022Q1 | $2,802,145,927.00 |
| 2022Q2 | $2,788,497,816.00 |
| 2022Q3 | $2,773,878,458.00 |
| 2023Q1 | $2,741,150,050.00 |
| 2023Q2 | $2,714,237,937.00 |
| 2023Q3 | $2,696,800,054.00 |
| 2024Q1 | $2,692,835,112.00 |
| 2024Q2 | $2,691,563,850.00 |
| 2024Q3 | $2,692,233,703.00 |
| 2025Q1 | $8,043,543,330.00 |
| 2025Q2 | $8,038,251,174.00 |
| 2025Q3 | $8,033,386,215.00 |
| 2026Q1 | $7,980,418,164.00 |
| 2026Q2 | $7,972,851,122.00 |
| 2026Q3 | $7,970,166,964.00 |
Latest: $205.25B (2027Q2)
| Period | Value |
|---|---|
| 2021Q3 | $123.18B |
| 2021Q4 | $132.67B |
| 2022Q1 | $133.38B |
| 2022Q2 | $140.25B |
| 2022Q3 | $140.66B |
| 2022Q4 | $144.14B |
| 2023Q1 | $136.88B |
| 2023Q2 | $145.96B |
| 2023Q3 | $147.90B |
| 2023Q4 | $156.29B |
| 2024Q1 | $156.54B |
| 2024Q2 | $165.41B |
| 2024Q3 | $160.79B |
| 2024Q4 | $171.66B |
| 2025Q1 | $171.31B |
| 2025Q2 | $177.80B |
| 2025Q3 | $178.24B |
| 2025Q4 | $184.75B |
| 2026Q1 | $185.20B |
| 2026Q2 | $191.74B |
| 2026Q3 | $193.65B |
| 2026Q4 | $199.75B |
| 2027Q1 | $197.80B |
| 2027Q2 | $205.25B |
Latest results
Company History
Sam Walton and Bud Walton opened the first Wal-Mart Discount City store in Rogers, Arkansas, inspired by discount models like FedMart.
Incorporated as Wal-Mart, Inc. under Delaware law, with name change to Wal-Mart Stores, Inc. in 1970.
Listed on the New York Stock Exchange, beginning public trading and supporting expansion.
First Wal-Mart Supercenter opened in Washington, Missouri; Sam Walton stepped down as CEO, replaced by David Glass.
Became the largest U.S. retailer by revenue, surpassing Kmart and Sears.
Opened first store outside North America in Mexico.
Acquired Asda for US$10 billion, entering the European market.
Donated $20 million, 1,500 truckloads of merchandise, and job promises for displaced workers.
Doug McMillon replaced Mike Duke as CEO.
Changed to Walmart Inc. from Wal-Mart Stores, Inc.
Key Players
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Funds we follow holding WMT
By latest reported 13F position value. Market value at quarter-end, not cost basis.
